Christmas and New Year holidays are approaching, and the cryptocurrency market seems to have already entered a "hibernation mode." US Bitcoin and Ethereum spot ETFs collectively lost value on Tuesday, mainly due to year-end asset rebalancing and liquidity tightening before the long holiday, with profit-taking selling pressure clearly increasing. According to SoSoValue data, the US Bitcoin spot ETF experienced a net outflow of $188.6 million on Tuesday, marking the fourth consecutive day of withdrawals. Among them, BlackRock's IBIT suffered the heaviest outflow, with a net outflow of $157.3 million in a single day; Fidelity's FBTC and Grayscale's GBTC also could not escape. On the other hand, Ethereum spot ETFs also recorded a net outflow of $95.5 million on Tuesday, compared to a net outflow of $84.6 million the previous day.

Recently, Upbit's trading data has rebounded, with 24-hour trading volume increasing by 28.2%, stabilizing at $1.339 billion. The XRP/KRW trading pair performed outstandingly, accounting for 10.38%, market activity has increased, and the variety of assets has become more diversified.